Scotia Committee Housing Development Fund Co Inc

Analysis

Scotia Committee Housing Development Fund Co Inc is a registered charity in United States, based in Scotia, NY. It received its IRS tax-exemption ruling in May 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Scotia Committee Housing Development Fund Co Inc reported income of $1.2m and spending of $996k, spending 86% of its income. Across the 4 years on record, from November 2020 to November 2023, income grew from $979k to $1.2m (+18%), an average of +5.8% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scotia Committee Housing Development Fund Co Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Los Angeles County Housing Development Corporation ($1.2m), Boucher Apartments Inc ($1.2m) and Catholic Charities Community Services of Dutchess ($1.2m).

On its Form 990 for the period ending November 2023, revenue came from program service revenue 90% of the total. Compensation of current officers, directors and key employees was $4,450 (0.4% of expenses). Other salaries and wages came to $234k. At year end it held assets of $6.3m against liabilities of $167k, net assets of $6.2m.